May 4, 2015 Dr. Jim Wille: www.GoldenJackass.com 1) What are the main pressure points in Greece these days ?? - Turkish Stream coming to the Greek border, significant revenue for nation - Russia entering the picture with military bases - finally Athens has leverage in debt negotiations - Greece is model for debt resolution, since Italy & Spain have 10x population 2) Russia & China will establish greater trade, what are consequences ?? - their annual trade will increase to some $200 billion annually - look for trade settlement in RMB, to add to its global legitimacy - sharing CIPS bank transaction system, Union Pay credit card, debt rating agencies, more - they are setting the Eastern standards - next they might shock the world with huge gold reserves announcement (perhaps secret still) - RMB will be the transition vehicle for Gold Trade Notes as letters of credit - RESET is truly on the horizon, argued & pushed & resisted but it will happen (likely in 2015) 3) What is your take on the Chinese with Intl Monetary Fund and SDR revised basket ?? - the Reformed SDR basket was to include RMB, Yuan, Gold, Silver but then Ukraine War hit - my belief is that SDR will add the Chinese RMB in a brilliant stroke by Beijing - Beijing will seed the entire major nation banking system with RMB bonds - maybe more than just Chinese Govt Bonds, like UKGovt bonds in RMB denomination - China has risks with debt and paper asset market bubbles, even property market bubbles - but China has no external debt and 25,000 tons in gold reserves - transition to come: from SDR inclusion to Gold Trade Note then later gold-backed RMB & Ruble with perhaps a full set of BRICS gold currencies - the global financial structure desperately seeks a solution - RESET is a misnomer for Return to Gold Standard, manifested in the Trade Ramps - if IMF SDR basket becomes the new reserve currency for global banking, then shock to me - if USTreasurys are pushed out of global banking reserve system, then RMB in, Gold in - to be sure, China took control of the IMF in 2013 (to exploit it, not shut it down) 4) US Retail chains are in the midst of a colossal slam.. what is going on ?? - USEconomy still has more retail space at work per capita than any other nation in world - just the beginning, or better described as middle stage in collapse - remember the morons at the helm, claiming US consumption powers the economy - consumption does NOT power economy, but rather business investment (lost capitalism) - big shock will come when Sears shuts down, possibly this year - major US Retailers closing 6000 stores permanently, announcements made recently - assures QE to be permanent, as even Fed Governors have begun to admit